Author: Ruba Husari

Iraq’s failure to attract investments for its four refineries offered to private investors after more than two years since their launch should invite a rethink of the investment model. Luckily this rethink has started and Iraq’s oil ministry is now on course to change the business model from a BOT (build-own-operate) to one that is based on a fixed fee per barrel. This is a welcome change for the potential…